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Treasury Index CD

Earn More with a Variable Rate CD

Typical Certificates of Deposit (CDs) come with a fixed rate. In periods of diminishing rates, it may be attractive to lock in a rate before they decline further. But if you think rates may go up in the future, our 2-Year Treasury Index CD comes with a variable rate that is adjusted on a quarterly basis! Your rate is indexed to the Wall Street Journal 3 Month Treasury rate plus a 0.50% margin. As this index rate moves, so does the rate on your CD.

Variable rate Indexed to 3 Month Treasury Rate + 0.50%
Open with just $100
Add funds during first 30 days
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Online Value. New Jersey Bank.

Earn more with our online rates that consistently beat traditional banks

Keep your dollars in the Garden State and help our local economy

Get support from an actual person when you need it

Backed by an FDIC-insured bank with more than 130 years of great savings and service

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Transfer your money from an existing account. That's it!

FAQs

Do I need to be a New Jersey resident to open a Treasury Index CD?

No! While many of our products are for New Jersey residents only, we’re proud to offer our Treasury Index CD to the entirety of the United States.

What are the requirements to open an account online?

Opening an account online is easy and takes less than ten minutes. You need to be at least 18 years old and a citizen or Resident Alien of the United States (some accounts also require New Jersey residency). Please have your Social Security Number, a photo ID, and your external funding information handy.

What is Amboy Direct?

Amboy Direct is the online division of Amboy Bank, a New Jersey institution that has been around for more than 130 years. We’ve also been voted “Best Bank” for more than 20 consecutive years!

How can Amboy Direct offer higher rates than other banks?

We can pay more because Amboy Direct clients do not use branches. This helps reduce our costs, which means we can pay you higher rates and bring you added value.

How secure is Amboy Direct?

Our account opening process and Digital Banking platform employ state of the art security practices, so you can rest assured that your information is safe.

Is my money safe?

Amboy Direct relationships are FDIC-insured up to $250,000 per depositor.

Listen to the Experts

Terms & Disclosures *$100 minimum to open. 24-month CD. Balances from $25,000 - $500,000 earn 4.91% Annual Percentage Yield (APY), under $25,000 earns no interest. Rate changes quarterly. Competitor information is from bank survey on 12/30/2022 and based on $25,000 balance. Early withdrawal penalties may apply. Offer is available for new money not currently on deposit at Amboy Direct. $500,000 maximum per household. Not available at Amboy branches.